Turning Data Overload into a Competitive Advantage | TRP #128
Tom returns to delve into the role of data within insurance and reinsurance. They discuss why companies gather so much data, whether it’s used effectively, and the industry’s push to standardise and share information. Discover how better data can transform underwriting decisions and partnerships. CONNECT WITH US: Say Hello: producer@thereinsurancepodcast.com Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/@SupercedeHQ RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss OUTLINE & TIMESTAMPS: (00:00) Intro (01:30) Why Data Matters (03:10) Data Overload & Regulatory Backdrop (05:00) Silos & Software Challenges (07:00) The Value of Data vs. Real Outcomes (09:00) The Rise of Cat Modelling (11:30) Standardisation & Transparency (14:00) Relationship-Driven Reinsurance (17:00) Bringing It All Together (19:30) A Bright Future for Data (21:15) Wrap-Up & Farewell